How to use a thousand dollars

Question

If I have a thousand cash what would be the best wake to make that get me more money. Is there something I can buy that its value is going up fast, or is there maybe a quick investment for this thousand? Let me know I am always curious about what to do when I have money to invest like what would be a good "come up"

Answer 1

There are many different ways you can invest.  If you are looking for the possibility of high returns, I would suggest that you invest in stocks.  However, stocks don't come without risk.  If you are looking to play it safe, but still have decent returns, you should check out mutual funds and ETFs because they are diversified, and thus less risky.  Mutual funds are collections of stocks and bonds that are professionally managed.  ETFs track indexes or industry sectors.  To learn more about stocks, mutual funds, ETFs, or investing in general, I suggest you check out Investopedia ( http://www.investopedia.com/ ).

When you are ready to invest, you will need a brokerage account.  Since you do not have that much money, I would suggest opening an account at a discount online brokerage because they have cheaper commission rates than full-service ones. I currently use Firstrade ( http://www.firstrade.com/ ) and I am very happy with them. Their rates are lower than the big name brokers such as Etrade, Scottrade, Ameritrade, and Schwab. Their website is very easy to use and their service is great as well. I would definitely recommend that you check them out.

I would discourage you from investing with Zecco because you won't be able to take advantage of their 10 free monthly trades unless you deposit $2,500 or more.  Plus, they have been rated for having the worst customer service in the industry and their website is hard to use as well.  I definitely think Firstrade is a better choice.

Firstrade currently has a refer-a-friend program, so if you're interested in opening account with them, email me for a referral code. It's a win-win situation because you'll get your first 5 trades free.

Answer 2

invest in mutual funds, they are proven and safe,I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...

Answer 3

that is the question_ isn't it?

if you find the answer let know, deal!

Answer 4

Invest in the markets of China, South Africa and the United Arab Emirates.